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The only problem for the Saudis is where do they go?
I’m not convinced there’s a good answer for that. The U. S. is the most stable place on the planet. Investments here are a good bet.
I am reminded of folks who have wanted Saudi Arabia taken out for decades.
If it is, it will be interesting to watch as reality hits home.
And what will replace the dollar?
I’ve always said that Saudis are ISIS with lots of money.
Depose the House of Saud, ISIS collapses.
So we have to prop up the Saudis to save our own economic a$$es? I’ll take the risk and help sink Saudi Arabia.
I wonder how much gold Saudi Arabia has? Take the world off the petrodollar and lose your power and your gold.
This article smells like a buy gold commercial.
In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts.
This was the *only* time the GOPe congress opposed Obama on anything.
The next day, they expressed regret:
http://fortune.com/2016/09/30/obama-veto-lawmakers-doubts-911-lawsuit-bill/
The doomsday scenario for the dollar should this bill become law is just a pile of BS. The dollar won’t be harmed if the Saudi government is allowed to be sued in US courts.
But US trial lawyers will get rich and it will be open season on the US in the courts of other countries. Plus how much more compensation will the family of these victims collect? They were killed in what amounts to an act of war. None of my family has been compensated in such sums for our war deaths.
If the Saudis truly are guilty then declare war and settle the score.
The USA got in bed with the Saudis in the first place because of our debt-based monetary system and fiat currency.
Our progressive nanny-state, supported by the Federal Reserve, creates massive amounts of debt, which have to go somewhere.
So they Saudis were enlisted to buy it, because of their oil. In turn, all this printed money can support a huge, kick-ass military which has protected the Saudis and even helped advance their interests for the last 60 years or more.
The fundamental geopolitical question in the world today is whether the U.S. is going to continue the deficit spending and trade deficits funded by so-called petrodollars.
The U.S. (or, more precisely, the global financial cartel currently operating through the U.S. military and Central Bank) essentially owns all the OPEC oil, because it can only be sold for US dollars.
For reasons I won’t go into now, THE SYSTEM REQUIRES U.S. Deficits. They have been PART OF THE GLOBALIST FINANCIAL PLAN ALL ALONG.
The primary geopolitical weapon, the weapon that destroyed both Japan in WWII and the USSR in the late 80s is the U.S. ability to interdict oil, or to use Saudi to underprice the world market.
If the ultimate conflict with China, ability of the U.S. navy (backed by air and space assets) to interdict oil to China will be our primary weapon short of nuclear.
That is what the South China Sea is all about.
I could go on at great length on this topic, but the bottom line is that Trump is not going to consider up-ending the system until U.S. economy and military have been rebuilt, AND China under control.
Anyone buying gold in anticipation of this “Black swan” is going to have a very long wait.
Seems like the Saudis are upset, in part, because Trump isn’t their pawn like Obama was....
(1) the size, strength, and transparency of the US economy and the attractiveness of the American way of life;
(2) the support for the dollar by key international institutions like the IMF, World Bank, and the BIS bank;
(3) that in a crisis, the US provides essential economic and military backing to countries that rely on the dollar; and,
(4) because no other currency would make a plausible reserve and trade currency for the world.
As for the Middle East, although Russia can be useful at times, she is neither powerful nor reliable as an ally, and Iran's current alignment with Russia is contrary to what her preference would be under a democratic government. Just as in the 19th Century, autocratic Russia often finds common cause with anti-Western dictatorships and autocracies.
Given Russia's relative weakness and limited ability to project power, her scope of action faces inherent constraints. It is the US, not Russia, that can put a naval fleet with one or more large aircraft carriers off most anyone's coast. Thus, if Saudi Arabia collapses, it is the US and not Russia who will be called on to contain and clean up the mess.
Drivelous tripe
JASTA is disasta
The author seems to imply that without the money that brings the Wahhabis influence, Islam would be peaceful and friendly. Having watched the Iranian mullahs for many years, among others, I find this questionable.